Cromwell FX Market View Central Bank Surprise?

cromwell_weekly_08_101121.png

This post was originally published on Trademakers

courtesy of trademakers

Central banks pushed back against the markets hawkish interest rate expectations last week. RBA started the week and set the tone. While ending the yield curve control, any decision to raise interest rats in 2022 was called a complete overreaction. This pushed AUD to be the worst performer of the week.

However the largest surprise came from the BOE not rising rates in their announcement later in the week. The market had priced in a 15bps rate rise and a further 25bps rise in December after announcement earlier that monetary policy will have to act. the market has now priced in a 25bps rise in December.

The EUR continued its downward momentum only regaining some of its poise late on Friday. However EUR is still expected to continue its fall vs the USD. The Fed meeting last week continued the dovish tone from the Central Bankers, with any potential rate rise into mid to late 2022.

Aster the busiest week in a while the markets will need some time to digest the central banks position. Data wise we have inflation and GDP data.

Weekly Majors Market Performance

cromwell_weekly_08_101121

What is Cromwell FX?

Cromwell FX is a quantitative FX manager offering superior risk adjusted returns. The portfolio is the most liquid pairs . The strategy is fully automated and adhere to strict rick management procedures to control leverage and position limits.

The post

Cromwell FX Market View

Central Bank Surprise?

appeared first on JP Fund Services.

The post Cromwell FX Market View Central Bank Surprise? first appeared on trademakers.

Connect with SGT Markets

Follow us for the latest news & insights

Related Articles

trademakers_marketview_130923-1024x538.jpg

Central Banks Back in Focus

trademakers_marketview_130923-1024x538.jpg

US Dollar Remains in Control

cromwell_weekly_mainimage_090823-1024x538.jpg

Mixed Data and Mixed Signals

cromwell_weekly_mainimage_090823-1024x538.jpg

Jackson Hole Weekend

cromwell_weekly_mainimage_090823-1024x538.jpg

US Dollar continues to rise along with China woes

cromwell_weekly_mainimage_090823-1024x538.jpg

US Dollar and Yields Rally

cromwell_weekly_mainimage_090823-1024x538.jpg

Central Banks Nearing Inflection Point?

sgt_partner_BCIF_070823

BCIF and SGT Markets Partner to Offer Unique Blue-Chip Crypto Investment Strategy

cromwell_weekly_mainimage_250523-1024x538.jpg

Fed and ECB Meet Expectations

cromwell_weekly_mainimage_250523-1024x538.jpg

Inflation Slowing and Fed on The Horizon

cromwell_weekly_mainimage_250523-1024x538.jpg

USD Weakness as Demand for Dollars Slow

cromwell_weekly_mainimage_250523-1024x538.jpg

Further Rate Rises on The Horizon